Paul Alpern Sells 2,877 Shares of Arteris (NASDAQ:AIP) Stock

Key Points

• Paul Alpern, VP of Arteris, sold 2,877 shares at an average price of $10.92, amounting to a total of $31,416.84, reducing his ownership by 3.91%.
• Arteris's stock has increased by 23.7% and is currently priced at $13.58, with significant trading volume of 4,397,458 shares compared to its average of 565,523.
• Brokerages have mixed ratings on Arteris, with Wall Street Zen upgrading it to a "hold" while Weiss Ratings maintains a "sell" rating, and TD Cowen increased the price target to $15.00 with a "buy" recommendation.

Arteris, Inc. (NASDAQ:AIP - Get Free Report) VP Paul Alpern sold 2,877 shares of the business's stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $10.92, for a total value of $31,416.84. Following the completion of the sale, the vice president owned 70,710 shares of the company's stock, valued at $772,153.20. This trade represents a 3.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Arteris Trading Up 23.7%

AIP stock traded up $2.60 during midday trading on Monday, reaching $13.58. The stock had a trading volume of 4,397,458 shares, compared to its average volume of 565,523. The company's fifty day simple moving average is $9.65 and its 200 day simple moving average is $8.43. The company has a market cap of $579.19 million, a price-to-earnings ratio of -16.56 and a beta of 1.45. Arteris, Inc. has a 52-week low of $5.46 and a 52-week high of $14.58.

Arteris (NASDAQ:AIP - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported ($0.11) earnings per share for the quarter, hitting analysts' consensus estimates of ($0.11). The business had revenue of $16.50 million during the quarter, compared to analysts' expectations of $16.35 million. Arteris had a negative return on equity of 8,546.17% and a negative net margin of 52.41%. Arteris has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS. Sell-side analysts predict that Arteris, Inc. will post -0.73 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AIP. Wall Street Zen upgraded Arteris from a "sell" rating to a "hold" rating in a research note on Monday, September 15th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Arteris in a research report on Saturday, September 27th. Finally, TD Cowen lifted their price objective on Arteris from $12.00 to $15.00 and gave the stock a "buy" rating in a research report on Wednesday, August 6th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $15.00.

Institutional Investors Weigh In On Arteris

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AIP. Acadian Asset Management LLC increased its holdings in shares of Arteris by 40.6% in the first quarter. Acadian Asset Management LLC now owns 900,723 shares of the company's stock valued at $6,222,000 after buying an additional 260,277 shares in the last quarter. AQR Capital Management LLC acquired a new position in Arteris in the 1st quarter valued at $1,621,000. Federated Hermes Inc. grew its stake in shares of Arteris by 97.2% in the first quarter. Federated Hermes Inc. now owns 327,119 shares of the company's stock worth $2,260,000 after acquiring an additional 161,241 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Arteris by 9.6% during the second quarter. Franklin Resources Inc. now owns 1,637,171 shares of the company's stock valued at $15,602,000 after buying an additional 142,936 shares during the last quarter. Finally, Next Century Growth Investors LLC increased its position in shares of Arteris by 46.4% during the first quarter. Next Century Growth Investors LLC now owns 407,721 shares of the company's stock valued at $2,817,000 after purchasing an additional 129,143 shares during the period. Institutional investors own 64.36% of the company's stock.

About Arteris

Arteris, Inc provides semiconductor interconnect intellectual property (IP) and System-on-Chip (Soc) Integration Automation software solutions (SIA) in the Americas, the Asia Pacific, Europe, and the Middle East. The company develops, licenses, and supports the on-chip interconnect fabric technology used in Soc designs and Network-on-Chip (NoC) interconnect IP.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.